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Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
PEPs & Sanctions
US Court Dismisses Remaining Charges Against Huawei CFO
By Editors | 05/12/2022
The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.
Fraud, Scams & Cybercrime
Police Ad Test Highlights Hong Kong Scam Threat – Report
By Editors | 04/12/2022
A fake raffle webpage run by the police attracted nearly 300,000 visits in just two weeks, highlighting the surge of scam cases in Hong Kong.
Fraud, Scams & Cybercrime
US Banks Preparing to Accept More Liability for Zelle Frauds
By Editors | 04/12/2022
Under the planned rules, member banks would be responsible for certain fraudulent transactions made on the Zelle network, even if self-initated by the customer.
Conduct, Culture & Accountability
IOSCO Offers Guidance to Regulators on Investor Education, Protection
By Editors | 03/12/2022
IOSCO report proposes seven sound practices for regulators to consider when designing financial and investor education initiatives, particularly during periods of crisis.
Anti-Money Laundering
Texas Unseals Charges Against 21 Crypto Money Launderers
By Editors | 02/12/2022
The 21 US citizens charged helped to move proceeds from US fraud victims to foreign criminal organisations using crypto.
Fraud, Scams & Cybercrime
Korean Prosecutors Seek More Terra-related Arrest Warrants
By Editors | 01/12/2022
New arrest warrants are sought for co-founder Daniel Shin, as well as Terraform Labs investors and engineers.
Fraud, Scams & Cybercrime
UK Crypto Fraud Increased 32pc Over One Year Period
By Editors | 30/11/2022
UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.
Fraud, Scams & Cybercrime
Singapore Police Launch Probe into Crypto Lender Hodlnaut
By Editors | 29/11/2022
The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.
Fraud, Scams & Cybercrime
Turkish Authorities Seize FTX Assets Amid Criminal Probe
By Editors | 29/11/2022
Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.
Fraud, Scams & Cybercrime
DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation
By Editors | 28/11/2022
Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.
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